international corporate services provider singapore...singapore business due to the large market and...

International Corporate Services Provider

1997 - 2019 One IBC. All Rights Reserved.One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.

Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability.

SingaporeCOMPANY FORMATION FEE SCHEDULE

0406070809101010

1. Singapore CompanyFormation Service

2. Bank Account Opening Service

3. Serviced Office

4. Accounting and Auditing Services

5. Intellectual Property Registration Service

6. Business Licensing Service

7. Merchant Account Online

8. Company Formation in others countries

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9. Company FormationProcess Timeline in Singapore

10. Required Documents

TABLE OF CO

NTEN

TS

In Singapore, it is required that the company must have at least 1 Director, 1 Shareholder and 1 Local Director (mandatory) in order to incorporate a company. This information will have public access and you can prevent it by using our Nominee services.With our Nominee Director and Nominee Shareholder services, your identity will be absolutely safe and confidential from the public records.

1.1 Nominee Director/Shareholder Services

Company Formation Fee (US$)

499

399

1,495

2,190

399

1,900

Private Limited by Shares

Service fee for 1st year

Service fee for year 2+

Government fee & Service charged

Public Limited by Shares




1. Singapore Company Formation Service

Fulfilment of legal requirements.

Managing your asset at a high level.

Protecting your identity from company’s document and government’s record

Keeping your information confidential within your company structure and government.

Fully control of your company activities through Power of Attorney (POA) and Declaration of Trust (DOT).

04 Issued by One IBC Limited Incorporated in the Hong Kong SAR with limited liability.

1997 - 2019 One IBC. All Rights Reserved. One IBC refers to the One IBC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.oneibc.com/structure for further details.

SingaporeCOMPANY FORMATION FEE SCHEDULE

Service fee is per annum/per appointment.The service fee does not cover the fee for couriering the original copy of the POA or DOT to your residential address.You can open a bank account for your company with the POA and/or DOT we provided.Certification by public notary or Apostille is required for nominee services in Hong Kong, United Kingdom and Singapore.An Apostille is a certification and legalisation of documents by the government, normally the General Registry/Court of the local country.

Services Service Fee (US$)

990

499

399

299

399

299

399

Local Director

Nominee director

Nominee shareholder

Power of Attorney (POA) documents

Power of Attorney with certification by a public notary

Declaration of Trust (DOT) with certification by a Notary Public

Power of Attorney (POA) with apostille documents

Type of incorporation Fees Due Date

1.2. Company Renewal

Private Limited Company (Pte.Ltd)

Anniversary date

Anniversary date

• Service fee: US$ 399• Government fee: US$ 995• Local Director: US$ 990

US$ 2,384

Public Limited Company• Service fee: US$ 399• Government fee: US$ 995• Local Director: US$ 990

US$ 2,384

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As your Registered Agent/Company Secretary, it is our duty to remind & support you to renew and comply with any legal requirement asked by the government.Renewal is a must to all company, in order to keep its good standing status with the government, maintain the business and also the company bank account.Depend on each jurisdiction, the annual due date will be different and we will remind you on time about this to avoid any penalty fee.

Singapore companies are welcome to open an account in many banks in the world, namely local banks (OCBC, DBS, UOB, etc.) or international banks (Maybank, UOB Malaysia, Standard Chartered, etc.). Furthermore, offshore banks in low or free tax are also keen on Singapore incorporations such as Euro Pacific Bank (Puerto Rico), CIM (Switzerland), Maubank (Mauritius), Bendura Bank (Liechtenstein), etc.

2. Bank Account Opening Service

Due to its information being released to Singapore Government, procedure of bank account opening is simplified and straightforward. High certification convention – Apostille is not required.Local Nominee Service is qualified and available as a dedicated service of our company.Our notable office facilitates you to set up a professional meeting with bank staff in an interview. Our enthusiastic local workforces are eager to support you with any urgent matters.

2.1. One IBC supports opening bank accounts in Singapore

Bank Name Service Fee (US$)

299

299

299

299

299

299

HSBC Bank, Singapore branch

DBS Bank Limited

OCBC Bank

Standard Chartered Bank Limited

Maybank

United Overseas Bank Limited Co. (UOB)



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2.2. One IBC supports opening bank accounts in other countries

Country Service Fee (US$)

Switzerland499

499

499

499

1,200

Belize

Bank One

499

499

499

1,200

1,200

Puerto Rico (USA)

Saint Kitts and Nevis

Saint Lucia

Mauritius

Euro Pacific Bank

499Stern International Bank

MauBank Ltd

Bank of Nevis International

Bank of Saint LuciaInternational

Afrasia Bank

CIM Banque

Banque Heritage Bank

Belize Bank International

Caye International Bank

Bank Name

3. Serviced Office

But we highly recommend our services in Singapore, as it is a better choice for your Singapore business due to the large market and business opportunities.Located in the heart of Singapore - 1 Raffles Place, #40-02, One Raffles Place, Office Tower 1, Singapore 048616, your Singapore Company can enjoy the professional services with our Service Office plans in Singapore.We provide 4 types of office as below:

For your Singapore Company, you can use our Serviced Office in Singapore or other countries where our services are available such as Hong Kong, UK, etc. based on your needs.

In addition to supporting bank account opening in Singapore, we also support you to open bank accounts in other countries according to your wishes.



3.1 Virtual Office

Period Service Fee (US$/month)

159

149

136

3 months

6 months

12 months

3.2 Dedicated Office Plan

Period Service Fee (US$/month)

399

369

329

3 months

6 months

12 months

3.3. Coworking Space

Type Service Fee (US$)

29/Pax/Day

135/Pax/05 Days

499/Pax/Month

Day-pass

Visitor

Common

3.4. Meeting Room

Time Service Fee (US$)

79

159

1 hour

½ day

4. Accounting and Auditing Services“Transforming Singapore into a Leading Global Accountancy Hub for Asia-Pacific” from CDAS Final Report.As part of its aim to transform the city-state into a global accountancy hub by 2020, Singapore’s government has implemented a number of policies that aim to strengthen the regulatory framework.Therefore, Singapore has a wide vision to be the centre of accountancy talents, thought leaders, professional entrepreneurs, among others.The dynamic Asia-Pacific market is continuing to grow and foreign demands for expert accountancy services as well as talents are in the rise. Singapore, which lies in the heart of the Asia-Pacific region, is perfectly suitable to ride along with the growth

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possibilities that seem to open up in the accountancy sector. With the financial and accounting benchmark of Singapore, we are delighted to contribute to the achievement of your business.One IBC offers a full range of corporate services, finance and accounting services to the growing and evolving businesses. Services include organizational, analytical, and recording services for the financial activities of a business, and the preparation of various materials covering the financial transaction life.



“Transforming Singapore into a Leading Global Accountancy Hub for Asia-Pacific” from CDAS Final Report.As part of its aim to transform the city-state into a global accountancy hub by 2020, Singapore’s government has implemented a number of policies that aim to strengthen the regulatory framework.Therefore, Singapore has a wide vision to be the centre of accountancy talents, thought leaders, professional entrepreneurs, among others.The dynamic Asia-Pacific market is continuing to grow and foreign demands for expert accountancy services as well as talents are in the rise. Singapore, which lies in the heart of the Asia-Pacific region, is perfectly suitable to ride along with the growth

4.1. Accounting Fee

Amount (Transactions) Service Fee (US$)

650750

1,0501,2101,4501,5202,025

2,830To be confirmed

Below 30

30 to 59

60 to 99100 to 119120 to 199200 to 249250 to 349350 to 449450 and above

4.2 Financial Statement Compilation and XBRL services

From 495 US$Services fee of Financial Statement Compilation and XBRL Services

ACRA does not require small private companies to submit audited financial statements if they meet two of the three following criteria:

4.3 Auditing Fee

Total annual revenue from the past fiscal year is less than S$10 million.

Total assets from the past fiscal year are less than S$10 million.

Total employees in the past fiscal year are fewer than 50.

5. Intellectual Property Registration Service

Service Fee (US$) Government Fee (US$) Time

6 months299 251

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possibilities that seem to open up in the accountancy sector. With the financial and accounting benchmark of Singapore, we are delighted to contribute to the achievement of your business.One IBC offers a full range of corporate services, finance and accounting services to the growing and evolving businesses. Services include organizational, analytical, and recording services for the financial activities of a business, and the preparation of various materials covering the financial transaction life.




399

399

277

Private Limited by Shares




399

399

561

Company Limited by Guarantee




Hong Kong

10 days4,900Services-Based Operator (SBO) License.

7 days4,500Money Service Operators Licensing Guide.

6. Business Licensing Service

Name of license Service Fee (US$) Time

7. Merchant Account OnlineMerchant accounts will be used in the payment of customers on websites with various types of cards such as Visa, MasterCard, American Express, and e-wallet worldwide such as Paypal, Alipay, etc.

Our service fee for opening a merchant account is 99 US$.

8. Company Formation in others countriesWhether you are doing business in Europe, Asia, Africa, the Middle East, the Americas or elsewhere, One IBC will set up the best trading or holding structure for your business in line with local laws and regulations.

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Depending on the type of business of your Singapore company or even company name only, it is sometimes necessary to obtain a license and/or approval when you register your business with Accounting and Corporate Regulatory Authority (ACRA). ACRA’s automated system will indicate if another approving authority is required to grant a business license or permit during the application for name approval.




299

259

365

Private Limited CompanyPublic Limited CompanyLLP




United Kingdom


1,299

1,249

1,150

International Business Company (IBC)




1,799

1,699

1,150

RAK Free Zone




United Arab Emirates (UAE)

3,199

3,099

8,788

Dubai Free Zone (Dubai Multi Commodities Centre - DMCC)




1,599

1,499

1,150

Ajman Free Zone




One IBC also supports you in establishing companies in many other countries all over the world.

Please contact our experts or visit the website: www.offshorecompanycorp.com.

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One IBC is pleased to support you to establish a company in Singapore with the following process timeline below:

Depending on the needs of customers, One IBC will support you to complete the processes quickly.

Assisting in the compilation of

monthly, yearly management

financial reports

Dealing with matters during the lifetime of your business

Request type of company

CompanyFormation

Bank Account Opening

Company Formation Process Timeline

Singapore



Requirements for company incorporation in Singapore:

Required document for Singapore company formation:

1

2

3

4

Singapore

Passport of each shareholder/benefical owner and director.

Proof of residential address of each director and shareholder in English.

3 proposal company names with suffix "Pte.Ltd" required by Singapore government.

Your capital structure, your business overview in forms provided Offshore Company Corp.

A company needs to have at least one shareholder who can be a local or foreign individual or company.

A shareholder who is a natural person can also be a director of the company.

At least one of the directors must be a natural person, above the age of eighteen years old, and a resident of Singapore.

The company must have a paid up capital of at least $1.

Company must have a physical, local address in Singapore.

A qualified company secretary has to be appointed. The secretary must be a resident of Singapore.

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The company name must be approved before you can proceed with the incorporation of a Singapore company.



COMPANY FORMATION

Step 3 30 minutes

20 minutes

One IBC

One IBC

Advisory team will check the company name for a new company and prepare the necessary documents to hand in business registration.

Step 4Advisory team will hand in necessary documents to business registration.

AFTER INCOPORATION

Step 5 30 - 60 minutesOne IBC

You will receive necessary documents including: Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc. Then, your new company in a jurisdiction is ready to do business!You can bring the documents in company kit to open corporate bank account or we can help you with our long experience of Banking support service.

Steps Person in charge Time Detail

PREPARATION

Step 1 10 minutesOne IBC and clientsOur advisory team will advise you the sufficient type of Singapore company which fits your business activity.

Step 2 Clients

Send us the necessary documents such as passport copy (or ID card for Singapore people), proof of residence address (utility bill or bank account statement).

Depend on how long clients provide document for us.

One IBC will supports you to establish a company in Singaporewith five simple steps as follows:



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Prestige - Quality - High efficiency is the value we bring to customers. Thank you for choosing the service at One IBC. We always accompany and support customers throughout the process from establishing a company abroad to the services related support while assure you about the safety and let you have more time to develop your business. All the procedures and processes are followed by a One IBC expert to support and implement in a fast, timely manner as well as complying with the requirements and regulations of the host country that your company located at.

Service quality is our top priority at One IBC as we are dedicated to providing the best quality service for customers.Thank you for choosing us as your trusted partner!

One IBC Group International Corporate Services Provider

Thank you



Contact usHong Kong Office Add: Unit 1411, 14/Floor, Cosco Tower, 183Queen's Road Central, Sheung Wan, Hong Kong.Tel: +852 5804 3919 WhatsApp/Viber/WeChat: +852 9243 0936Email: [email protected]: www.oneibc.com

Singapore Office Add: 1 Raffles Place, #40-02, One RafflesPlace, Office Tower 1, Singapore 048616.Tel: +65 6591 9991Mobile/WhatsApp: +65 932 77 999Email: [email protected]

Europe – Lithuania Office Add: Lvovo str. 25, Mažoji bure, 15th floor, LT-09320, Vilnius, Lithuania.Tel: + 370 5266 4444 Email: [email protected]

Vietnam Office Add: Asia Trade Centre Building, 507B Huynh Tan Phat Boulevard, Tan Thuan Dong Ward, District 7, Ho Chi Minh City, Vietnam. Tel: +84 848777768Email: [email protected]